Homework Answers
| Table or calculator function : | |
| Future value | 85,000 |
| n | 2 year |
| i | 10% |
| PV Note | $70,248 |
PV of Note = Future value x PVF (i%, n)
= 85,000 x PVF (10%, 2)
= 85,000 x 0.82645
= $70,248
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